Which of the Following Statements About the Typical Commercial Umbrella

question 19

Multiple Choice

Which of the following statements about the typical commercial umbrella policy is (are) true?
I.The policy is designed to cover only those loss exposures specifically excluded by the underlying insurance contracts.
II.The policy is excess over the required underlying coverages.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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